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CROWLEY v. NORTHERN AVIATION, LLC

Supreme Court No. S-16587. No. 7361.

441 P.3d 407 (2019)

Brett CROWLEY; Knik Aircraft Leasing, LLC; and Wingnuts Aviation, LLC, Appellants, v. NORTHERN AVIATION, LLC and NA Holdings, LLC, Appellees.

Supreme Court of Alaska.

May 10, 2019.

Attorney(s) appearing for the Case

Kevin T. Fitzgerald , Ingaldson Fitzgerald, P.C., Anchorage, for Appellants.

Gregory S. Parvin , Law Office of Gregory S. Parvin, Wasilla, for Appellees.

Before: Stowers, Chief Justice, Winfree, Bolger, and Carney, Justices. [Maassen, Justice, not participating.]

OPINION

I. INTRODUCTION

Two debtor limited liability companies (LLCs) executed security agreements in favor of two creditor LLCs, giving the creditor LLCs security interests in three airplanes. Disputes arose when the creditor LLCs, considering the debtor LLCs in default, took possession of two airplanes and...

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